HONG KONG: New World China Land has raised 4.3 billion yuan (RM2.1 billion) in the biggest corporate dim sum bond issue in Hong Kong.

On April 2, the developer said it had on March 29 sold 2.8 billion yuan of notes due in 2015. The bonds were sold at a yield of 8.5%.

Axis REIT
(April 13, RM2.75)

Looking beyond the Klang Valley

The most important things in life are relationships and family rather than material things. Ironically, the quest for a better standard of living often leaves little time for family interaction.

KUALA LUMPUR (April 13): Tabung Haji expects to make at least one investment amounting to £150 million-£200 million (RM731.72 million-RM975.62 million) worth on a commercial property in the United Kingdom this year.

Its managing director and chief executive officer Datuk Ismee Ismail said the property had been identified for investment from a study carried out since 2008.

KUALA LUMPUR: Golden Land Bhd plans to acquire a 95% equity stake in Indonesia’s PT Tasnida Agro Lestari (TAL) for RM16.57 million, which will double its oil palm plantation landbank to over 20,000ha from 9,683ha presently.

KUALA LUMPUR: Hibiscus Petroleum Bhd announced yesterday that Lime Petroleum plc has been awarded its fourth concession in the Middle East, thus fulfilling the final condition precedent to the share subscription agreement between the two companies.

KUALA LUMPUR: Axis Real Investment Trust Bhd (Axis REIT) will acquire two parcels of industrial land in Seremban for RM26.5 million to enlarge its portfolio of properties. Both parcels have a gross built-up of about 192,677 sq ft and are located in the Nilai Industrial Estate in Negri Sembilan.

KUALA LUMPUR: Silver Bird Group Bhd has obtained a restraining order from the High Court to prevent its wholly-owned subsidiary, Stanson Marketing Sdn Bhd, from any winding-up, execution, arbitration proceedings, repossession, appointment of receivers and managers or liquidators by any creditors or persons for 90 days from April 12.

KUALA LUMPUR:  In a bid to educate the public and provide an insider’s look into the real estate industry, one of the largest real estate agencies in the country, Reapfield Properties Sdn Bhd, has launched a book entitled Thrust — Real Estate Riches: Boundless Opportunity, Infinite Knowledge and Immense Wealth.